my kids are in this educational system that is trying to prep them to get into a good college and to be a knowledge worker and I know that game is over
the economy now asks every creative person to essentially become a small media company, which is a very specific skill set that has nothing to do with why most of us started making things in the first place
Whereas, there’s also another point, which is having large armies is actually inherently impractical and inefficient, because the larger the army, the more people you’ve got to feed, the more barracks you’ve got to have, the more space you’ve got to have for training, the more people you’re taking out of your workforce to produce tanks and shells, and all the rest of it, because they’re tramping around with rifles.
The Chief Executive — who makes over 300 times more than their average worker — is no longer a leadership position, but a kind of figurehead measured on their ability to continually grow the market capitalization of their company.
But my point is that this is still not the reason (or is only a very small reason) why these goods from China are cheaper than elsewhere. The main driver of lower labour costs has been automation; not having a human worker at all.
For rich countries to maintain their working-age population ratios in 2050 through permanent migration (where each worker brings one dependent), Lant Pritchett estimates they would need to become 40-50% foreign-born.
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